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SWENSON v. ENGELSTAD

No. 79-1662.

626 F.2d 421 (1980)

Cal SWENSON and Carolyn Swenson, Plaintiffs-Appellants, v. Richard and Ralph ENGELSTAD, Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

September 24, 1980.

Attorney(s) appearing for the Case

Whittenburg, Whittenburg & Schachter, Cary Schachter, Amarillo, Tex., for plaintiffs-appellants.

Sanders, Saunders, Brian, Finney & Thomas, Robert H. Smith, Amarillo, Tex., for defendants-appellees.

Before HILL, RUBIN and ANDERSON, Circuit Judges.

JAMES C. HILL, Circuit Judge:

Plaintiff Cal and Carolyn Swenson commenced this action against defendants Ralph Engelstad and Richard Engelstad,1 seeking to recover damages sustained as a result of their purchase of unregistered securities. Recovery was sought under § 12(1), § 12(2), and § 15 of the Securities Act of 1933, 15 U.S.C.A. § 77l (1), (2), § 77o; §...

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